Waleed Abdelrehim

• Supervise the entire accounts payable cycle, including receipt, verification, posting, and payment of invoices, ensuring compliance with payment terms.

• Implement procedures to ensure accurate and compliant financial reporting, particularly in relation to the recognition of expenses and the classification of accounts payable in the balance sheet

• Monitor and ensure compliance with payment terms as stipulated in contracts, Pos and proactively address any late payment issues, Handling vendor disputes or queries related to payments, ensuring prompt and efficient resolution.

Oversee and manage the daily operations of the accounts payable department, ensuring the accurate and timely processing of vendor invoices, purchase orders, and payment requests using SAP

• Supervise the preparation of payment runs (through BCM Sap system) and ensure payments are processed in compliance with company policies and contractual obligations, with Collaborating with the Treasury Department to ensure efficient cash flow management and optimize the timing of payments.

• Prepare periodic accounts payable reports, including aging reports, vendor payment status, and cash flow projections, for management review.

• Manage and oversee project cost tracking, ensuring that costs are recorded correctly and are aligned with budgeted amounts.

• Assist in month end, quarter end, and year end close processes, ensuring that all accounts payable related transactions are posted accurately and in a timely manner

• Implement and maintain effective internal controls to ensure the accuracy of accounts payable and prevent fraud or errors.

• Conduct cost variance analysis to identify discrepancies between projected and actual costs, and report findings to senior management.

• Identify opportunities for process improvements within the accounts payable function, utilizing SAP to automate tasks, streamline workflows, and reduce manual errors.

• Drive the integration of project specific payables into the SAP system, ensuring accurate tracking of expenses against budgets and forecasts.

• Foster a collaborative working environment with other departments (e.g., procurement, project management, finance) to improve communication and ensure smooth AP operations.

• Track all transactions with related parties, including sales, purchases, loans, guarantees, and service agreements, ensuring that all are properly documented.

• Review and assess the accounting treatment of related party transactions, ensuring they are properly reflected in the company's financial records and disclosed in financial statements.

• Ensure that related party transactions comply with IAS 24 Related Party Disclosures and relevant IFRS standards. All the accounts are reconciled on a regular basis

• Develop, manage, and monitor annual budgets for projects and operations, ensuring alignment with company objectives and financial goals.

• Collaborate with project managers and department heads to gather data and input for accurate budget forecasts.

Prepare cost estimates and financial models for new projects, ensuring they align with financial and operational objectives.

• Track and monitor project costs against the approved budget, identifying any deviations or potential overruns.

Implement effective cost control measures to minimize financial risk and ensure that spending stays within allocated limits.

• Prepare and maintain detailed cost reports, highlighting areas of concern and recommending corrective actions.

Conduct regular variance analysis between budgeted and actual costs, and report findings to senior management.

• Provide detailed analysis on cost variances, identifying reasons for discrepancies and proposing solutions to manage them.

Ensure timely and accurate reporting of budget vs. actual performance, providing insights to project stakeholders.

• Prepare detailed reports on budget performance and financial status for senior management and stakeholders.

Ensure compliance with company policies, accounting standards, and financial regulations.

• Provide resource planning guidelines such as cost estimates, human resource needs and budget development to ensure effective project planning and management.
• Develop & calculate a yearly resources rate (manpower & Equipment) to cover all the expected resources cost with all the overhead to be allocated on the operation canters
• Monthly review for all cost center posting related to DVC/MBC/SMC & OHC
• Prepare P & L and monthly performance for each project and the corporate in total
• Review & calculate monthly hourly rate allocation per project
• Margin analysis by project and clear visibility on margin deviation
• Work with the finance department to determine the appropriate funding level for each project and ensure that enough funds are generated on a timely basis by the project during all project stages.
• Oversee the implementation of risk and quality management procedures for all projects; manage change and inventions to projects with aim of ‘getting them back on track' and achieving projects outcomes. Including overseeing the development of quarterly and annual project audit plan and implementation of critical audits observations.
• Review project progress reports on a periodic basis and present relevant updates and recommendations to all relevant stakeholders as and when required.
• Oversee the workforce planning and cost control activities for the PMO in coordination with HR.
• Create & Manage Balanced Scorecard for Contracting Sector cascaded to departmental level
• Facilitate the building of strategy maps at different levels of the sector
• Establish continues performance process, Suggest performance process & Suggest performance improvement measures
• Work with the Project Team to establish the construction cost control plan and Work Breakdown Structure (WBS) to support project requirements, including direct costs, procurement, and risk accounts.
• Prepare budget reports (for the company and for each department)
• Suggest Key performance indicators at both strategic and operational levels
• Analyze and report profit margins, Prepare (monthly, quarterly, and annual) cost forecasts,
• Assisting in month-end and year-end closing & identifying and recommend cost-effective solutions
• Develop performance reports for review and corrective actions on quarterly / yearly basis
• Responsible for gaining the renewal of the quality management system ISO9001 certification for the sector

• Control and manage Purchasing & Logistics costing to achieve required savings (focused on Contracting activities).
• Finalize Logistics Cost Control activities to meet Monthly logistics costs closing deadline (Final costing).
• Communicate Quality Management System and related procedures internally and externally to ensure the quality of work and service complies with ISO 9001:2008
• Conduct analyses on spend data/researching trends / market intelligence (spend data and basic financial analyses: KPI's, Trends, Actual vs. Budget, Forecasts…)
• Assists Category Leaders by conducting supply market research.
• Regularly share the analysis to Estimating/Project teams for lesson learned purpose.
• Prepare monthly procurement performance status reports, KPI's, and dashboard respecting deadlines established by Management.
• Conducts market and product research and costs analysis.
• Analyzes vendor terms and conditions and revises to ensure compliance with state regulations.
• Assists in developing and recommends various operational policies and procedures within the framework of state purchasing rules and regulations.
• Trains buyers' users on purchasing rules and procedures & the SAP MM system.
• Supervises an office staff engaged in the processing of purchasing documents such as specifications bids, shipping releases, purchase requests and other documents.
• Prepares periodic and special reports and maintains current data on vendors and new products as well as appropriate records and form.
• Supervise of implementation of SAP MM Module for the supply chain department

• Assessing Clients financial Situation by gathering information regarding their investments, asset allocation and savings
• Assist in set companies' financial strategic plans
• Design Processes for preparing operation budget, financial budget and create budgets reports for management approval
• ensuring spending is in line with budget
• Establish accounting bookkeeping process and regulatory financial documents to improve financial business process
• Dealing with External auditors